Last checked at 22 Jun 2010 07:00
SINOSOFT TECHNOLOGY PLC
("SINOSOFT" OR "THE COMPANY")
PARTNERSHIP AGREEMENT
Sinosoft, the China-based developer and provider of software and IT solutions to Chinese regional and national government agencies and exporting enterprises, announces the signing of a master strategic partnership agreement with NorthgateArinso UK Limited ("NorthgateArinso"), a global human resources software and services provider.
The agreement will involve Sinosoft collaborating with NorthgateArinsoand Green Oak Solutions Ltd. ("Green Oak"), a partner of NorthgateArinso, to develop carbon management and monitoring products that will be marketed to government and private customers in China.
NorthgateArinso's proprietary software tool, PROIV, will provide a base to build, refine and develop customer service applications. Sinosoft will install hardware and provide the development work to maximise the potential of the PROIV software and Green Oak's Carboncheck software to produce a complete carbon management solution. In addition, Sinosoft will work with certification companies to verify the data produced from our carbon management solution and thereby potentially enable customers to trade their carbon credits on global exchanges.
Following this partnership agreement, Sinosoft is expected to start bidding for projects at the municipal government level. The collaboration with NorthgateArinsoand Green Oak places the Company in a stronger position to bring in expertise and win contracts.
The carbon emission monitoring market is an area of great potential following support from China's Premier, Wen Jiabao during the 2009 EU-China Summit to address climate change issues. This was reflected in the formation of the National Energy Commission ("NEC") on 27 January 2010 which provides clear guidelines and dates for low carbon and environmental improvement projects. It is possible that following formation of the NEC, formal legislation will soon be passed to impose carbon reduction targets in the private sector. Consequently, carbon emission monitoring mechanism will become essential for regulators and local governments.
Ms Xin, Chief Executive of Sinosoft, commented: "This is an area of significant potential given the keen interest and support shown by the Chinese government to reduce the country's carbon emissions. Being a first mover into this area bodes well for the collaboration and has provided us with the opportunity to start talking to various local governments who are looking to reduce their level of carbon emissions.
"NorthgateArinso was initially introduced to Sinosoft by The China-Britain Business Council and The China Jiangsu Economic and Trade Affairs Office in July 2009 and we have been working on developing this collaboration for almost 12 months.
"We are very excited by the possibility of partnering with Northgate and Green Oak and we are hopeful that this collaboration will draw upon NorthgateArinso and Green Oak's expertise in the emissions monitoring area and Sinosoft's technical expertise and sales channels within the PRC."
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For further information, please visit www.sinosoft-technology.com or contact:
Sinosoft Technology plc
Yu Yifa, Finance Director
yuyifa@sinosoft-technology.com
Westhouse Securities Limited Tavistock Communications
Tim Metcalfe/Richard Baty/Zhining Xu Simon Compton
020 7601 6100 020 7920 3150
About NorthgateArinso
NorthgateArinso is a subsidiary of Northgate Information Solutions Limited ("Northgate"). Headquartered in Hemel Hempstead, UK, Northgate is a market leader in providing specialist software, outsourcing and IT services to the human resources, local government, education and public safety markets. Northgate currently employs almost 12,000 employees and operates in 46 countries across 5 continents. Further information on NorthgateArinso can be found at www.northgatearinso.co.uk and information about the PROIV solution can be found at www.proiv.com
About Green Oak
Green Oak is a provider of environmental software solutions. The company's has developed products that help industry and government improve environmental performance and comply with national and international legislation.. These solutions address environmental and sustainability aspects including carbon emissions management, waste collection and recycling and water usage and testing. The company was established in 2004 to provide effective business management solutions for companies impacted by environmental compliance legislation. The company is headquartered in Scotland with established customers throughout the UK, Ireland, Germany and North America. Further information on carboncheck can be found at www.carbonfootprintsoftware.com